IBA Issues Bank DA and DR Orders for the period August 2016 to January 2017
The confirmed All India Average consumer Price Index Numbers for Induustrial workers (Base 1960=100) for the quarter ended June, 2016 are as follows:-
April 2016 – 6185.82
May 2016 – 6277.12
June 2016 – 6322.77
In terms of Regulation 37 of Bank Employees ‘Pension Regulations, 1995 Dearness Relief is payable to pensioners at rates specified in Appendix II to the Regulations.